How much does Nuveen Amt-free municipal income fund pay?

How much does Nuveen Amt-free municipal income fund pay?

Nuveen AMT-Free Quality Municipal Income Fund pays an annual dividend of $0.64 per share and currently has a dividend yield of 0.05%. View Nuveen AMT-Free Quality Municipal Income Fund’s dividend history.

When did Nuveen Michigan Municipal Income Fund merge?

The reorganization of Nuveen Michigan Quality Municipal Income Fund (NYSE: NUM) into Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) was completed prior to the open of the New York Stock Exchange on February 8, 2021. Two Nuveen Closed-End Funds announced pre-merger distributions.

What are other expenses and total expenses for Nea Nuveen?

Other Expenses and Total Expenses do not include interest expenses arising from the application of SFAS No. 140 to certain inverse floating rate securities (if any) held by the Fund.

What kind of bonds does nad Nuveen invest in?

Percent allocations, calculations, and averages reflect the Fund’s full investment exposure, including the full value of bonds held in tender option bond trusts that have issued residual inverse floating rate securities that the Fund holds.

Is the Nuveen Michigan Municipal Income Fund Amt free?

As previously announced, the shareholders of Nuveen Michigan Quality Municipal Income Fund (NYSE: NUM) have approved the fund’s reorganization into Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA).

Is the NEA closed end fund tax free?

NEA is a closed-end fund sponsored by Nuveen Investments, seeking Federally Tax Free income from municipal bonds, with a focus on AMT-Free (Alternative Minimum Tax). The fund currently yields a 5.07% income only distribution and is trading at a discount of 12.4% to its Net Asset Value.

What are the ratings for municipal bond funds?

Up to 35% of its managed assets may be rated BBB and below (rated at the time of purchase by a nationally statistical ratings organization [S&P, Moody’s, Fitch] or, if unrated, judged to be of comparable quality by the Fund’s portfolio team), and the Fund uses leverage. Benchmark: BBgBarc Municipal TR USD